Teva Consortium Fails to Reach Opioid Abuse Settlement, Report Says
A $50 billion offer made last week by Teva and the three largest drug distributors in the U.S. does not seem to have panned out, Reuters reported Friday
A $50 billion offer made last week by Teva Pharmaceutical Industries Ltd., McKesson Corp., AmerisourceBergen Corp., and Cardinal Health Inc. to settle opioid abuse charges against them does not seem to have panned out. The companies have failed to reach an agreement with the local U.S. governments that have filed lawsuits against them ahead of Monday’s scheduled trial, Reuters reported Friday.
Cleveland federal court Judge Dan Polster, who will preside over Monday’s trial, has reportedly met with representatives from the companies and local governments, but an agreement has not been reached. Some state attorneys, such as Pennsylvania Attorney General Josh Shapiro, North Carolina Attorney General Josh Stein, and Tennessee Attorney General Herbert H. Slatery, voiced their disappointment over the states and counties’ conduct, which could see recompensation and help for sufferers delayed as legal proceedings drag on.